#266 - How to turn 1 rental into 8 rentals (and massively increase cash flow) - Atticus LeBlanc
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Show Notes
Joining us in this episode is someone who has been making waves in the affordable housing space. He is a returning guest, previously appearing on Episode 92 of Living Off Rentals in 2021.
Atticus LeBlanc is the founder of PadSplit, the country's largest co-living marketplace, which helps property owners increase cash flow while providing affordable housing for thousands of residents. Since launching in 2017, PadSplit has housed more than 42,000 people and has grown to over 17,000 shared housing units across multiple U.S. markets.
An entrepreneur since 2005, Atticus was an affordable housing developer and contractor before founding PadSplit.
Listen as he shares more about how PadSplit works and discusses how he converts living spaces into bedrooms to create massive cash flow. Enjoy the show!
Key Takeaways:
[00:00] Introducing Atticus LeBlanc and his background
[03:47] How PadSplit works?
[11:22] Type of property that best works for PadSplit members
[17:10] The fractionalization of real estate by time versus the fractionalization of real estate by space
[26:25] Managing the challenges of bureaucracy and zoning issues
[33:53] How to manage different personalities under one roof?
[49:05] Connect with Atticus LeBlanc
Guest Links:
Website: https://www.padsplit.com/hosts
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals